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Perisher chief executive officer Peter Brulisauer said it was a very sad day for the man's family and the community.

A post mortem examination will be held to determine how he died.

Acting Monaro superintendent Evan Quarmby said a large search was also launched on Wednesday night by NSW Police, ambulance, SES and the National Parks and Wildlife Service, to find another man who had become separated from two friends who had also become lost in the snow.

All three, one of whom was lost for eight hours, were eventually found. ''Last night could have ended in tragedy for another three people,'' he said.

The Snowy Hydro SouthCare helicopter was also used to retrieve a 21-year-old snowboarder from Jindabyne on Wednesday night after he sustained head injuries earlier in the day.

Weatherzone meteorologist Rob Sharpe said temperatures at Perisher sat near freezing for most of the night reaching a low of minus 1, although the wind chill lowered the temperature to minus 4 degrees.